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Leading Economic Index declines as consumer outlook weakens

by National Marine Manufacturers Association 22 Jul 03:46 PDT
The US LEI declined in June after two consecutive increases © conference-board.org

The Conference Board reports its Leading Economic Index for the U.S. declined 0.2% in June, partially reversing gains from the previous two months.

Weak consumer expectations and fewer building permits outweighed positive financial indicators. Despite softer consumer spending, strong artificial intelligence-related business investment and improving inflation prompted The Conference Board to raise its 2026 economic growth forecast to 1.9%.

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